Crab and Lobster for Wall Street?JohnnyYou » 20 minutes ago » wrote: ↑ So what happens to the half a trillion? Cheech and Chong Up in Smoke?
Thanks for sharing that others share the perception that Elon is on the biggest con in the history of mankind.
The prospectus is a sci fi fairy tale.
It's not a loss until you sell.
Here's who bought:
Retail Investors:
SpaceX made the unprecedented move of allocating up to $22.5 billion (30%) of its shares directly to individual investors through brokerage platforms like Robinhood, Fidelity, Charles Schwab, E*TRADE, and SoFi.
Institutional Giants:
Major investment powerhouses secured massive initial allocations, with firms like BlackRock reportedly ordering at least $5 billion in shares during the IPO process.
Passive Index Funds:
Because the Nasdaq changed its rules to fast-track SpaceX into the Nasdaq 100, index funds and ETFs were forced to purchase billions of dollars worth of the stock in the weeks immediately following the listing.
Space-Focused Asset Managers:
Funds that were early backers of the private company (such as ARK Invest and Baron Funds) expanded their positions by actively buying the stock during temporary post-IPO dips.